LONDON, June 29, 2016 /PRNewswire/ -- In May 2016, the Chinese Li-ion battery cells market runs smoothly, and the price remains relatively low. BYD Company Limited's current total production capacity of battery is 10GWh/a, including 8GWh/a lithium ferric phosphate (LFP) battery, 2GWh/a ternary material Li-ion battery. The energy density of its LFP battery packs and ternary material Li-ion battery packs are 130 Wh/kg and 200 Wh/kg, respectively.
- Cathode materials:
In China, the price of lithium carbonate remains high and the prices of LFP and ternary materials keep rising. This year, driven by the increasing demand for power batteries, China's cathode material producers has increased their production of LFP and ternary materials but cut the production of lithium cobaltate (LCO). For example, Changzhou Bojie New Energy Material Co., Ltd.'s monthly output of LCO in 2016 has dropped by about 25% YoY.
- Anode materials:
The Chinese anode materials market runs smoothly, with stable supply and prices. Some major producers revealed that driven by the demand from the Li-ion battery market, the domestic supply of anode materials in Q1 had increased by about 50% YoY.
The Chinese separator market runs smoothly, with products supplied steadily. In addition, major producers have witnessed a YoY increase in their supply and revenues. At present, the Chinese producers are still enthusiastically expanding their production capacity of separator. For example, Cangzhou Mingzhu Plastic Co., Ltd. recently held the opening ceremony of its wet-process Li-ion battery separator project. Sinoma Science & Technology Co., Ltd. is accelerating the construction of two wet-process Li-ion battery separator projects and four coating production lines, which are expected to go into production in Q1 2017.
The Chinese electrolyte market runs smoothly, with steady market demand. However, because of tight supply and high prices of raw materials, the domestic production of electrolyte is significantly decentralized. Except for a few leading producers, the monthly output of most producers is about 100-200 tonnes.In Q2 2016, China's top five vehicle enterprises published their plans for the 13th Five-year Plan Period, in which it was clearly suggested that said enterprises were paying close attention to the alternative energy vehicle business.
In May 2016, the Chinese media published the Exposure Draft to the Revised Version of the Rules on the Access Administration of Alternative Energy Vehicle Producers and Products. But even before this, the MIIT re-examined the previous three batches of enterprises that were approved as alternative energy vehicle producers, and it also released supplemented notice for the Vehicle Power Battery Industry Standards. All these measures prove that the New National Standards for Power Batteries, once just regarded as a recommended standard, is now becoming compulsory.
In May 2016, Clou Electronics announced its plan of cooperating with LG Chem in order to set up a joint venture and enter the energy storage market to find new profit growth points.
On 10 May, 2016, Camel announced its decision of investing USD85.19million (RMB550 million) for the construction of power Liion battery production lines with a capacity of 700 million Wh/a. In recent years, Camel has been actively deploying its businesses in Li-ion battery industry and alternative energy vehicle industry but when it started rapidly expanding its market share by developing diversified businesses, it also began to undertake great stress from the long construction period and the high-cost maintenance.
On 9 May, 2016, Umicore announced its intention to accelerate the investments in the expansion of NCM cathode materials'production capacity in order to meet the increasing demand for battery materials from the hybrid power electric vehicle and battery electric vehicle industry in China. Since 2015, thanks to the explosive growth of Chinese alternative energy vehicles and power batteries market, cathode materials global giant players have been accelerating their market layout in China.
In May 2016, National Battery announced its plan to launch the fully-automated Li-ion battery project in Xiangyang City, situated in the Hubei Province. Such decision would not only expand the company's capacity to better serve its downstream customers, but it will also help complete the alternative energy vehicle industry chain in Xiangyang City, contributing so in building the city's 'Capital of Alternative Energy Vehicle'.
On 3 May, 2016, FESE released its 2015 financial report, showing that, last year, its subsidiary FST has achieved a revenue of USD167.27million (RMB1.08 billion). In recent years, FST has rapidly developed its power battery business and will further increase its investment in technology R&D and talent pool development.
In May 2016, Fulin P.M. announced its plan to purchase 100% of the shares of Shenghua Technology, and, accordingly, it would raise USD232.32 million (RMB1.5 billion) as supporting fund. If the M&A succeeds, Fulin P.M. will have two main businesses,namely "vehicle precision components + power Li-ion battery core materials".
In May 2016, CSIC signed an agreement with SIMBATT on the R&D and industrialization of graphene and energy storage battery.
In May 2016, Hangzhou Changjiang became the second Chinese enterprise that received the certification for producing battery electric passenger cars, right after BJEV.
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